Positive Divergence in Daily chart of Amarajabat
There is positive Divergence happening with Amarajabat
1. Price making lower low
2. But RSI making higher high
There is high probability of stock bouncing back and making a mean reversion to 770 levels which was the gap made yesterday (25/06/2021)
SL for this trade is the low made on 25th June (Rs 732)
Rs 732 also coincides with the point of control for this stock since last one year.
This is basically having low risk high return strategy. All the best.
Do you own analysis before taking action.
1. Price making lower low
2. But RSI making higher high
There is high probability of stock bouncing back and making a mean reversion to 770 levels which was the gap made yesterday (25/06/2021)
SL for this trade is the low made on 25th June (Rs 732)
Rs 732 also coincides with the point of control for this stock since last one year.
This is basically having low risk high return strategy. All the best.
Do you own analysis before taking action.
Commento:
Time horizon for this trade is 1 month